Sold
Last Sold Price
24 beds
709 S Ada St, Chicago, IL 60607
Multi FamilyProperty Type
3,744 sq ftLot Size
1900Year Built

Description

6-Flat in the heart of UIC rehabbed in 2018. Close proximity to Little Italy and the West Loop, Blue Line "L" stop and expressways. Offered at a 6.2% cap rate on in-place revenue and actual expenses. Units stay leased at all times with no vacancy. All units feature 4 bedrooms/1 bathroom, central HVAC, in-unit laundry, remodeled kitchens, bathrooms and refinished hardwood floors throughout. All units have separately metered gas and electric. Building is on bundled services program which generates...6-Flat in the heart of UIC rehabbed in 2018. Close proximity to Little Italy and the West Loop, Blue Line "L" stop and expressways. Offered at a 6.2% cap rate on in-place revenue and actual expenses. Units stay leased at all times with no vacancy. All units feature 4 bedrooms/1 bathroom, central HVAC, in-unit laundry, remodeled kitchens, bathrooms and refinished hardwood floors throughout. All units have separately metered gas and electric. Building is on bundled services program which generates additional income. This building is made up of two adjacent 3-flats, each on a separate PIN (709 Ada 17173100310000; 711 Ada 17173100320000). Great cash flow, prime location, turnkey ready with ability to continue to push rents.

    Sold By CL3 Property Management

    • Listed by: Joshua Krueger 312.285.3749 josh@csamchicago.com • Campbell Street Asset Management Inc
    Listing closed: 11/17/2023 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 11848881

    Recent comparable sales

    Median sold price

    $1,675,000

    Avg days on market

    25

    Sale-to-list ratio

    95.1%

    Chicago, IL

    9 comparable properties found

    $1,730,000 | 1304 West Ohio Street, Chicago, IL 60642
    1/26
    1

    $1,730,000

    Sold 06/23/26

    12
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a building with street view
    1/18
    2

    $1,760,000

    Sold 01/22/26

    8
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $1,580,000 | 923 South Carpenter Street, Chicago, IL 60607
    1/31
    3

    $1,580,000

    Sold 05/12/25

    14
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    $2,200,000 | 1114 North Wolcott Avenue, Chicago, IL 60622
    1/14
    4

    $2,200,000

    Sold 12/30/24

    15
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of a building with street view
    1/45
    5

    $1,840,000

    Sold 07/18/25

    12
    Bedrooms
    Unavailable
    Square Feet
    0.13
    Acres
    $1,475,000 | 1435 West Lexington Street, Chicago, IL 60607
    1/66
    6

    $1,475,000

    Sold 06/05/25

    24
    Bedrooms
    Unavailable
    Square Feet
    0.06
    Acres
    a front view of a multi story residential apartment building
    1/10
    7

    $635,000

    Sold 08/14/25

    24
    Bedrooms
    Unavailable
    Square Feet
    0.13
    Acres
    a front view of a building with plants and entryway
    1/28
    8

    $1,675,000

    Sold 06/17/26

    7
    Bedrooms
    Unavailable
    Square Feet
    0.05
    Acres
    a front view of a building with street view
    1/14
    9

    $1,635,000

    Sold 02/20/25

    11
    Bedrooms
    Unavailable
    Square Feet
    0.07
    Acres

    Location

    Add your commute

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    $13,368 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $11,182

    Property Taxes

    $2,186

    HOA Dues

    $0

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    Property Information for 709 South Ada Street

    Property Details
    • Taxes: $26,227 / year
    • MLS Type: Multi Family 5+ / Multi Family 5+-Courtyard
    • County: Cook County
    • Area: CHI - Near West Side
    • Num Of Parking Spaces: 0.0
    • Air Conditioning Type: Central Air
    Building Information
    • Stories: 3
    • Residences: 6
    • Year Built: 1900
    • Lot Size: 0.09 AC / 3,744 SF
    General Information
    Location and General Information
    • Information: 48-Hr Notice Required
    Taxes and HOA Information
    • Additional Parcels: Yes
    Property Information
    Interior Features
    • Air Conditioning: Central Air
    • Heat/Ventilation: Forced Air,Gas,Separate Per Unit
    • Num of Baths: 6.0
    Property/Lot Information
    • Tenant Pays: Air Conditioning, Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: New Rehab
    • Multi-Family Type: Courtyard,Flats,Other
    • Lot Dimensions: 52X72
    • Stories: 3
    Property and Assessments
    • Public Document Count: 1
    • Document Date: 2023-08-02T15:34:40
    • Photos Count: 17
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 6
    Income & Expenses
    • Electric Expense: $380.00
    • Fuel Expense: $.00
    • Gross Income: $210,360.00
    • Gross Scheduled Income: $219,480.00
    • Insurance Expense: $4,066.00
    • Maintenance Expense: $6,000.00
    • Expense Year: 2022
    • Total Annual Expense Source: Actual
    • Janitor Expense: 1500
    • Total Monthly Income: 18290
    • Net Operating Income: $145,231.00
    • Operating Expense: $67,700.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $4,655.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 4
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 6
    Unit 2
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 0
    Unit 3
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 0
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 709 South Ada Street

    DateEvent & SourcePriceAppreciation
    Nov 17, 2023

    Sold

    MRED #11848881

    $2,200,000
    Sep 10, 2023

    Pending

    MRED #11848881

    Sep 10, 2023

    Contingent

    MRED #11848881

    DateEvent & SourcePrice
    11/17/2023

    Sold

    MRED #11848881

    $2,200,000
    09/10/2023

    Pending

    MRED #11848881

    09/10/2023

    Contingent

    MRED #11848881

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 709 South Ada Street

    Taxable ValueLand$10,394Additions$54,691Total$65,085
    Tax Record2023$13,550 ($1,129 / month)
    Home Facts
    Baths3Total Finished SqFt3,912 SqFtAbove Grade Finished SqFt3,912 SqFtStories3Lot Size1,856 SqFtStyleMulti-Family Res (5+ Units)Year Built1898Year Renovated1900ZoningRT-4CountyCOOKAPN17-17-310-031-0000

    Schools near 709 South Ada Street

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Public - K to 8
    Public - K to 8
    Rating
    School
    Distance
    Smyth J Elementary School
    PublicPK to 8

    Wells Community Academy High School
    Public9 to 12

    Chicago World Language Academy
    PublicK to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Campbell Street Asset Management Inc

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/27/2023 11:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.